Monday, January 9, 2023
North America

Jefferies Downgrades Marriott and Hilton

  • Jefferies downgraded both Marriott and Hilton to Hold, leaving only Wyndhamwith a Buy rating in their C-Corp coverage. They continue to favor Host Hotels and Hersha Hospitality.
  • 1 Hotel Hanalei Bay is opening on February 15 on Kauaiā€™s north shore. The resort will be the flagship hotel for 1 Hotels.
  • The DJIA fell 113 points, Nasdaq was up 66, the S&P 500 was down 3 points and the 10-year treasury yield was down .05 to 3.52%. How was that for a mixed market?

The DJIA fell 113 points, Nasdaq was up 66, the S&P 500 was down 3 points and the 10-year treasury yield was down .05 to 3.52%. How was that for a mixed market? Lodging stocks were mostly lower even as the only movers of note were to the upside. SLNA jumped 13%, MCG was up 7% and AHT rose another 6% on the […]